Add-on Acquisition • Oil/Gas Exploration

Irving Oil Acquires Top Oil

On January 31, 2019, Irving Oil acquired oil/gas exploration company Top Oil

Acquisition Context
  • This is Irving Oil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Irving Oil’s 1st transaction in Ireland.

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M&A Deal Summary

Date January 31, 2019
Target Top Oil
Sector Oil/Gas Exploration
Buyer(s) Irving Oil
Deal Type Add-on Acquisition

Target Company

Top Oil

Dublin, Ireland
Tedcastle Group of Co. is a provider of home heating oil and fuel products. Tedcastle Group was founded in 1813 and is based in Dublin, Ireland.
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Buyer Overview 1

Buyer

Irving Oil

Saint John, New Brunswick, Canada

Category Company
Founded 1924
Sector Oil/Gas Exploration
DESCRIPTION

Irving, Irving Oil is a family-owned and privately-held regional energy processing, transporting, and marketing company headquartered in Saint John, New Brunswick, Canada, with U.S. marketing operations in Portsmouth, New Hampshire. With over 900 fueling locations, operations from eight distribution terminals, and a delivery fleet of tractor-trailers, Company serve wholesale, commercial, and retail customers in Atlantic Canada, Quebec, and New England.


Deal Context for Buyer #
Overall 1 of 2
Sector: Oil/Gas Exploration 1 of 2
Type: Add-on Acquisition 1 of 2
Country: Ireland 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 Irving Oil - Certain Propane Distribution Assets

Clarenville, Newfoundland, Canada

Irving Oil - Certain Propane Distribution Assets comprises propane distribution facilities located in Clarenville, Central and Western Newfoundland, Canada.

Sell $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-28 North Atlantic Refining

St. John's, Newfoundland, Canada

North Atlantic Refining Corp. provides a reliable supply of fuel products to businesses and consumers across Newfoundland with its deep-water terminal location and a network of retail assets, including both company and dealer sites. North Atlantic is based in St. John's, Newfoundland.

Buy -